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Entries Tagged as 'fbmklci'

Support and Resistance

August 14th, 2019 No Comments

The first step to successful chart reading involves identifying (and drawing) [perfectly] horizontal lines on the chart called support or resistance. It goes like this: Imagine a stock price dropping from a high Once it is ‘low’ enough, it starts to move sideway A stock price dropping means sellers are overwhelming buyers. There are more […]

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Pbbank

August 14th, 2019 No Comments

Public Bank is approaching RM20, a long time support line since 2014 This represents a good buying opportunity for people looking at long term Even at current price, it has the potential to bounce back to RM22 (lower of the downward channel) For blue chip counters, the best strategy is always to buy at weakness […]

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FBMKLCI

July 31st, 2019 No Comments

On 19 July, I projected FBMKLCI using a daily chart. I said it will push downwards, hitting 1640 as the first stop. 2 weeks later now, it hit that point. So an update is due 1640 is the mid of downward channel. It will consolidate here for a while before deciding on the next move […]

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